The most common method of making profit from Horse Racing Refunds is when you will place a bet on one of the live horse races on Channel 4 and if your horse finishes 2nd (sometimes 2nd, 3rd or 4th), you receive a free bet (up to the value of your stake, normally £25-£50depending on the bookmaker).
Another way to profit from horse racing offers is with Bet365. They will offer you a risk free bet up to £50 if you back a winner at odds of 5.0 or more in selected races live on Channel 4.
So, here is how we turn these offers in profits:
For the first method above (refund if your horse finishes 2nd, 3rd or 4th) we would simply back a horse and lay off in the normal way. Try to keep your loss to a minimum of £2 for the chance of a free £25 bet or £4 loss for the chance of a free £50 bet. Look for odds of no higher than 9.0. The reason we will not go any higher is that the way we profit is if the horse finishes 2nd (in most cases) or 2nd, 3rd or 4th and we want to make sure our horse has a chance of doing so.
You would then simply hope that your horse finished 2nd (or 2nd, 3rd or fourth) and if you receive a free bet, lay it off as you would a normal free bet (Free Bet SNR) to make a profit of around £20 (£25 free bet) or £40 (£50 free bet)
For the Bet365 £50 risk free offer we would look to make a profit in a similar way, find a horse in a qualifying race as stated on the offers page with odds of 5.0 or greater (again try to keep below 9.0 as we want the horse to win for this offer) and lay the bet off as normal whilst trying to keep your loss down to £4.
If your horse wins, you would then be given a risk free bet up to £50 (remember this is a risk free bet, not a free bet) on the next race, you would lay this bet off as Free Bet SNR on the calculator to make around £40 profit.Another great thing is that if your risk free bet wins, you still make the profit but are then given another risk free bet on the next race, this continues until you lose.
If your horse loses you would simply start the offer from the begining again.